Blockchain Technology News

Huobi's founder Leon Li is reportedly looking to sell his stakes at Huobi as the exchange faces difficulties from banning China users.

Cryptocurrency exchange Coinbase has revealed its plan to expand in several European markets. The company is reportedly in the process of registering a crypto exchange in Spain, France, Italy, and the Netherlands.

Jed McCaleb, the former co-founder and CTO of Ripple Labs has mere weeks left until his XRP balance reaches zero.

The Ontario Securities Commission (OSC) has taken action against two cryptocurrency trading platforms. Kucoin is permanently banned from participating in Ontario’s capital markets. Bybit has promised to take steps to comply with regulations and register with the OSC.

Popular messaging platform Telegram has announced it is launching a new premium tier of its services as it seeks to monetize a part of its userbase. Reaching more than 700 million active users monthly, the new tier answers to the need of these users for more bandwidth and storage capacity, according to Pavel Durov, CEO of the company.

Digital yuan usage has grown x18 in the past 12 months in China – as the central bank-issued token continues to find new users.

Bitcoin breached the lower bound limit of the Stock-to-Flow model on June 18, calling into question the validity of the model.

Ethereum extended its decline and tested the $1,000 support against the US Dollar. ETH is recovering, but it must clear $1,280 to start a steady upward move.

More than a billion dollars worth of crypto assets are being liquidated as Bitcoin (BTC) threatens to trade below $20,000 and print a low last seen in December 2020.

Global politicians’ claims that crypto is the criminal world’s currency of choice may be wide of the mark, another report reitarates.

Another cryptoweek is behind us. Let’s recap! Bitcoin ended its record-long losing streak and BTC inflows grew while ethereum saw outflows, BTC’s historical performance is no guide for the future in 2022, Ethereum’s Ropsten testnet finally merged, while Vitalik Buterin asked the community what they disagree on with him, Justin Sun's Tron revealed more details about the USDD backing in a move to distance the stablecoin from UST, and BNB extended losses following new regulatory scrutiny and media investigation of Binance. Indian Terra investors braced for another blow after LUNA 2.0 airdrop under the new tax laws, the new LUNA fell almost 90% from its ATH, and some ApeCoin whales voted against the proposal to stay on Ethereum, but the (narrow) majority still voted to stay. While many dismissed the idea that Bitcoin Lightning Network could support DeFi apps and NFTs, the community said that a paper that claims Bitcoin's early success relied on centralization said ‘nothing new at all’. We also learned that blockchain gaming is the category within crypto that resisted the industry downturn the most.

The British-Portuguese luxury fashion retailer Farfetch said it will accept crypto assets soon thanks to a partnership with the German crypto platform Lunu. Farfetch will accept seven different crypto assets including bitcoin, ethereum, and binance coin, and the feature will be rolled out to select clients and then expanded to the general public.

The bearish BTC price targets keep mounting amid concerns over "distribution" of coins by long-term holders.

Project Lead Shytoshi Kusama takes over from Ryoshi saying Ryoshi's Vision will be fulfilled.

Christine Lagarde, president of the European Central Bank, has warned that cryptocurrencies are worthless and should be regulated.

The market is still reeling from the dramatic plunge of the UST stablecoin and the Terra ecosystem. In the meantime, different industry leaders have been chiming in with their take on the Bitcoin question after the premier crypto suffered significantly in the crash. Let’s find out more.

Major crypto exchanges Coinbase and BitMEX are deploying new features to lure more customers, benefiting from users’ rising interest in direct and mobile Web3 access, and spot markets, among others.

Binance CEO Changpeng Zhao says he’s unhappy with the way Terra handled the collapse of its native crypto asset LUNA and its stablecoin TerraUSD (UST).

Eric Schmidt, a former Google CEO whose net worth is $22.8 billion, reveals that he has put “a little bit” of money into cryptocurrency. He added that he finds Web3’s economics “interesting,” noting that the platforms and the use patterns are interesting.

Binance also highlighted that Indian regulators and policymakers cite the lack of education as an area of concern, hindering crypto’s widespread adoption in the region.